Can I deduct cost for installation of new gas furnace? Where and how can I claim donation of heating oil?

[CarolynM · Accepted solution]

Unfortunately, no. You cannot deduct the cost of a new gas furnace for your personal residence. 

You can claim the fair market value of the heating oil as a charity donation as an itemized deduction on Schedule A. 

If you don't know the fair market value, ask the organization to which it was donated to value.